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Goldman's trading revamp plan takes back seat to lending

Thu, Sep 14, 2017 - 5:50 AM

Mr Schwartz says loans to wealthy clients through an online bank could bring in new revenue.

New York

INVESTORS have been waiting for Goldman Sachs Group Inc's strategy to turn around its fixed-income trading operation. What overshadowed that on Tuesday was a plan to expand in a business that's been mostly a sideline.